Windward Software Wiki

Employee Loan

An amount issued between a regular pay period to an employee and repaid at the next regular pay period is demonstrated in this tutorial.

Example: Regular wages of 5000.00 monthly with a 1000.00 loan issued mid month, and withheld from net income at months end. Payroll taxes are calculated againt the total 5000.00 so the 1000.00 is loaned and repaid.

emp_loan_ntax1202060659.flv

Created by Charlene Scott at 2/6/2012 7:00:20 AM